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TFC Commodity Trading Forum

Feb Crude/Still Chewing Away at Resistance *PIC*

Feb Crude continues to GNAW away at price resistance in the $101 go $103 price zone with $105 resistance just above that. The pattern is a bullish Ascending Triangle. Watch that uptrendline which is also its 50ema to hold to remain bullish. A breakout over $105 would be very bullish and suggest a rally to a double top of $115 at least.